Inclusion of a dispute resolution clause within commercial contracts can avoid costly and time-consuming disputes further down the line. Below is the BCDR-AAA Model Arbitration Clause:
Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be finally settled by arbitration in accordance with the Rules of Arbitration of the Bahrain Chamber for Dispute Resolution.
The arbitral tribunal shall consist of [specify one or three] arbitrator[s].
The place of arbitration shall be [specify town and country].
The language of the arbitration shall be [specify language].
Notes
The parties may also wish to stipulate in the arbitration clause the law that the tribunal will apply to the substance of the dispute.
The Chamber will be pleased to discuss any points relating to the drafting of an arbitration clause, including provisions for party nomination of arbitrators.